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Property profile & analytics
OFF-MARKET
Estimated value
$106,300,000
Hotels
150 Kapahulu Ave, Honolulu, HI 96815-4032
Entity Owned
3-yr Hold
Property ID
US24-0073133
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1969
Total area
175,787 SF
Lot
0.83 ac (36,334 SF)
Zoning code
U/X6/20
APN
1-2-6-027-018
UPID
US24-0073133
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Queen Kapiʻolani Hotel Waikīkī Beach Hotel & Motel
-
Hans Hedemann Surf School Waikiki (Bike/Boat/Book/etc) Store
-
Paliuli Jewelry (Bike/Boat/Book/etc) Store
-
Turtle Snorkeling Oahu Tour Operator (Bike/Boat/Book/etc) Store
-
Family Surf Lessons Surf School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$99.15M
Blend (final)
Blend
$106.30M
Owner & transaction history
Us Property Investment Fund Hi 1 LP · 3 yrs held
Us Property Investment Fund Hi 1 LP
since 2022
Last sale
$121.9M
7 recorded transactions
Zoning & alternative use
U/X6/20 · Honolulu, HI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Honolulu submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Honolulu submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$87,085,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$151,395,000
Current use
COMMERCIAL (GENERAL)
$122,075,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$106.30M
Range $95.67M – $116.93M · ±10% · vs last sale $121.94M (Dec 9 2022)
Last sale anchor
$121.94M
Dec 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$605 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$955,091
Tax year 2023
Assessed value
$104,942,700
Assessed 2024
Previous assessed
$66,638,100
+57.5% YoY
Effective rate
0.91%
On assessed value
Assessed land
$52,466,300
Assessed improvement
$52,476,400
Land market value
$52,466,300
Improvement market value
$52,476,400
Total market value
$104,942,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1969
Heating
NONE
Cooling
CENTRAL
Stories
18
Units
315
Total area
175,787 SF
Lot
0.83 ac (36,334 SF)
Zoning code
U/X6/20
APN
1-2-6-027-018
UPID
US24-0073133
Jurisdiction
HONOLULU
Zoning & alternative use
U/X6/20 · Honolulu, HI
Zoning U/X6/20 · permitted uses
U/X6/20 · Honolulu, HI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Honolulu. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$151.4M
COMMERCIAL (GENERAL)
Est. value
$122.1M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Cooling
Yes
Stories
18
Units
315
Lot
0.83 ac
Current owner
From public records · entity-resolved
Us Property Investment Fund Hi 1 LP
Entity
Mailing address
PO BOX 25745, HONOLULU, HI 96825-0745
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
—
Us Property Investment Fund LP
—
Deed
related
$120,600,000 · Wells Fargo Bank NA
Dec 9, 2022
—
Us Property Investment Fund Hi 1 LP
Phg Queen K LLC
Assignment Of Lease (leasehold Sale)
—
Dec 9, 2022
$121,940,000
Us Property Investment Fund Hi 1 LP
Phg Queen K LLC
Assignment Of Lease (leasehold Sale)
—
Oct 1, 2019
—
Cunha Aina LLC
—
Deed
related
$76,000,000 · Deutsche Bk Ag/ny Branch
Dec 6, 2017
—
Phg Queen K LLC
—
Loan Modification
related
$61,800,000 · Deutsche Bk Ag/ny Branch
Jul 3, 2017
—
Phg Queen K LLC
—
Deed
related
$48,900,000 · Deutsche Bk Ag/ny Branch
May 1, 2015
—
Phg Queen K LLC
Yhb Qk Hotel LLC
Assignment Of Lease (leasehold Sale)
$48,900,000 · Deutsche Bank Ag
Nov 5, 2013
—
Yhb Qk Hotel LLC
Cunha Aina LLC
Grant Deed
related
—
Jul 21, 2010
—
Yhb Qk Hotel LLC
—
Deed Of Trust
related
$3,500,000 · Nara Bank
Jul 16, 2010
$772,444
Cunha Aina LLC
Cunha,richard D
Quit Claim Deed
related
—
Jun 1, 2010
—
Harve D Murray
Cunha Emanuel S
Grant Deed
related
—
Oct 16, 2009
$10,820,034
Yhb Qk Hotel LLC
Qk Hotel LLC
Grant Deed
related
—
Jan 13, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Phg Queen K LLC
—
Loan Modification
related
$48,900,000 · Deutsche Bk Ag/ny Branch
—
—
Qk Hotel LLC
—
Deed Of Trust
related
$21,000,000 · First Hawaiian Bank
—
—
Cunha Aina LLC
—
Loan Modification
related
$76,000,000 · Deutsche Bk Ag/ny Branch
—
—
Phg Queen K LLC
—
Loan Modification
related
$76,000,000 · Deutsche Bk Ag
—
—
Yhb Qk Hotel LLC
—
Deed Of Trust
related
$10,000,000 · Bbu Bank
—
—
Yhb Qk Hotel LLC
—
Deed Of Trust
related
$1,900,000 · Bbcn Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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